Whistler's sales for this past year were $21,381.The interest expense was $248,costs of goods sold were $9,784,selling and general expenses were $1,208,depreciation was $811,and the addition to retained earnings was $325.The firm sold $500 of new stock shares and repurchased $125 of outstanding shares. What was the cash flow to stockholders if the tax rate was 34 percent?
A) $725.50
B) $670.25
C) $202.72
D) $208.28
E) $235.55
Correct Answer:
Verified
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